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Delhivery shares surge 3% as Macquarie provides Rs 460 goal, maintains outperform score

Webtradetalk News by Webtradetalk News
December 12, 2024
in Business
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Delhivery shares surge 3% as Macquarie provides Rs 460 goal, maintains outperform score
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Shares of Delhivery surged almost 3.2% on the BSE to its intraday excessive of Rs 391.30 as the worldwide brokerage agency Macquarie has maintained its ‘outperform’ score on the inventory together with a 12-month goal value of Rs 460.

The worldwide brokerage agency believes that the corporate is trying to drive market share positive aspects with pricing motion as the specter of Q-commerce for e-commerce firms is now overblown.

Macquarie additionally famous that Delhivery’s PTL enterprise has scaled up whereas the operational efficiencies will scale up. The corporate is nicely positioned to consolidate market share in e-com logistics.

Delhivery has additionally been added to the F&O shares.

Within the brief time period, the brief has elevated by 10.3% within the final one month and by 9.4% within the final 2 weeks. Nonetheless, the inventory has declined by almost 1.4% within the final 1 yr in addition to on a year-to-date foundation, in accordance with the BSE analytics.Delhivery offers a full vary of logistics companies, together with supply of specific parcels and heavy items, PTL freight, TL freight, warehousing, provide chain options, cross-border Categorical, freight companies, and provide chain software program.

The corporate additionally presents value-added companies akin to e-commerce return companies, fee assortment and processing, set up & meeting companies, and fraud detection.

Additionally learn: HSBC bullish on Indian pharma shares for 2025

Technically, the shares of Delhivery are positioned above its 10, 20, and 50-day exponential transferring averages (DEMA) however under the 100 and 200 DEMA. On the RSI, the inventory is positioned close to the 64 mark, in accordance with the Trendlyne knowledge.

The shares of Delhivery closed flat with a adverse bias at Rs 379.35 on the BSE on Wednesday.

(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)

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Shares of Delhivery surged almost 3.2% on the BSE to its intraday excessive of Rs 391.30 as the worldwide brokerage agency Macquarie has maintained its ‘outperform’ score on the inventory together with a 12-month goal value of Rs 460.

The worldwide brokerage agency believes that the corporate is trying to drive market share positive aspects with pricing motion as the specter of Q-commerce for e-commerce firms is now overblown.

Macquarie additionally famous that Delhivery’s PTL enterprise has scaled up whereas the operational efficiencies will scale up. The corporate is nicely positioned to consolidate market share in e-com logistics.

Delhivery has additionally been added to the F&O shares.

Within the brief time period, the brief has elevated by 10.3% within the final one month and by 9.4% within the final 2 weeks. Nonetheless, the inventory has declined by almost 1.4% within the final 1 yr in addition to on a year-to-date foundation, in accordance with the BSE analytics.Delhivery offers a full vary of logistics companies, together with supply of specific parcels and heavy items, PTL freight, TL freight, warehousing, provide chain options, cross-border Categorical, freight companies, and provide chain software program.

The corporate additionally presents value-added companies akin to e-commerce return companies, fee assortment and processing, set up & meeting companies, and fraud detection.

Additionally learn: HSBC bullish on Indian pharma shares for 2025

Technically, the shares of Delhivery are positioned above its 10, 20, and 50-day exponential transferring averages (DEMA) however under the 100 and 200 DEMA. On the RSI, the inventory is positioned close to the 64 mark, in accordance with the Trendlyne knowledge.

The shares of Delhivery closed flat with a adverse bias at Rs 379.35 on the BSE on Wednesday.

(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)

Tags: DelhiveryMacquariemaintainsoutperformratingsharessurgetarget
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